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    Description

    Lynchburg, VA Military Endorsement $50 T4

    T4 $50 1861 PF-2 Cr. 4 PMG About Uncirculated 50.
    The $50 was the lowest denomination of the first series issued by the Confederacy in the first weeks of the Civil War. Printed by National Bank Note Company under a subcontract from ABNCo, this note featured the famous Slaves Hoeing vignette which had appeared on antebellum state notes and was to later appear on Type 41 $100 CSA Treasury Notes in 1862.

    Bearing serial number 820, this note was part of a second order for 1,000 $50-$100 two subject sheets placed around April 12-13, 1861; literally the day that hostilities commenced. The order barely made it out of New York Harbor around April 22-24, with federal authorities failing in an attempt to stop the ship carrying this order from leaving port. According to Thian, serial 820 was processed by the Department of Treasury on May 14, 1861. Based on the endorsement on the back that reads: "Office of Com(missary) & Sub(sistence) / Lynchburg, VA May 20, 1861 / This day paid out / ?? Williams / Capt. & acs(?)" this note was placed into circulation a mere six days after it was processed. Williams issued a significant number of Montgomery notes to the field during this time period.

    The census for T4s, now stands at around 188 notes known, with this note being part of the census. J. Wayne Hilton has traced the provenance of this example as far back as a Stack's auction held on September 9-11, 1987 when it was consigned by L.S. Ruder. This note realized $1,265 in that sale. PMG notes a few scattered very small pinholes as well as some evidence of previous mounting which is quite subtle. Printed on bright paper without any repairs or significant distractions, this striking note will find a place of honor in any Confederate collection receiving it as an addition.


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    August, 2019
    15th Thursday
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